Absolutely. In another thread Fazc talked about a program he did where he did a fullbody workout 3 times a week with 10x3 for every exercise and tons of different movements, all done in about an hour with very little rest between sets.

Experiment with it. If your goal is bodybuilding, then HIT style workouts with lots of different exercises could work very well with fullbody training. Going fullbody is a great way to experiment with increasing your frequency on each bodypart, and figuring out what type of frequency works for you will be great to move forward in your training.